Santa Ana, CA 92701 501 N Grand Avenue
$1,575,000
Presented By: Keith Jorgensen with Coldwell Banker Realty; mrjorgey@gmail.com
- MLS# OC25114698
- 07/10/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 3
Baths • 1
SQFT • 4,300
Garage • 6
Home Details
MULTI- FAMILY Garden style Apartments 5 + 1 UNITS ON GRAND AVE. 3 bedroom, 2 bedroom and 3 one bedroom units with studio in rear. Gated entry into lush central courtyard, very private for tenants. Six individual garages with large driveway for off street parking. ASSUMABLE FINANCING AT 3.59% THRU 2030 TO QUALIFIED BUYERS (call agent for details). ZONING IS C-1. Redevelopment potential to develop with neighboring properties. Adjacent to OC Regegister campus. OVER 40,000 CARS PER DAY TRAVEL GRAND AVE.
Presented By: Keith Jorgensen with Coldwell Banker Realty; mrjorgey@gmail.com
Interior Features for 501 N Grand Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall, NoOneAbove
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 501 N Grand Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CitySanta Ana
Community FeaturesCurbs, StreetLights
CoolingWallWindowUnits
CountyOrange
DirectionsMain St to Grand
Electric Expense367.0
Entry Location1
Fuel Expense1359.0
Garage Spaces6.0
Garage Y/NYes
Gross Income141648.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense3525.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsExchange1031
Lot Size Square Feet10019.0
Lot Size UnitsSquareFeet
MLS Area70 - Santa Ana North of First
Maintenance Expense3233.0
MobileHomeRemainsYNNo
Net Operating Income100687.0
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Open Parking Spaces6.0
Operating Expense40961.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameGrand
Tax Lot16
Tenant PaysGas
Total Actual Rent11807.0
Trash Expense4732.0
Water Sewer Expense2275.0
Year Built1954
Year Built SourceAssessor
Exterior for 501 N Grand Avenue
Building Area Total4300.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesGarden
Lot Size Acres0.23
Lot Size Area10019.0
Lot Size SourceEstimated
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking12.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate